InvestorCrypto.net - Renowned author of "Rich Dad Poor Dad", Robert Kiyosaki, has shared his thoughts on what he would do if the price of bitcoin were to drop to $200 as predicted by economist Harry Dent.
Kiyosaki emphasised that he supports hard and tangible money, keeping only gold, silver, and bitcoin in his portfolio, and recommended the same for his readers and their families.
Reacting to the prediction of a potential decrease in the price of bitcoin, Kiyosaki acknowledged Harry Dent's forecast, which also included warnings about major disruptions in the economy.
Dent had suggested that a significant crash may occur, particularly affecting the baby boomer generation with declining property values and a potential 80% drop in the S&P.
In response, Kiyosaki expressed his willingness to invest further in real estate, gold, and silver if Dent's predictions were to materialise.
He also highlighted Dent's projection of a sharp decline in the price of bitcoin, mentioning the possibility of it dropping back to $200 per coin.
Kiyosaki indicated his readiness to acquire more bitcoin at that price point, believing that those who were prepared would have the opportunity to gain significant wealth.
Furthermore, Kiyosaki reiterated his belief that gold and silver are forms of divine currency, while bitcoin represents the currency of the people.
In contrast, he cautioned against the use of the US dollar, referring to it as 'fake money'. He stressed the importance of diversifying investments to safeguard against economic uncertainties, particularly in light of recent statements from Federal Reserve Chairman Jerome Powell regarding inflation.
Despite acknowledging Powell's admission of rising inflation trends, Kiyosaki warned that many individuals may not fully grasp the implications of such economic developments on their finances.
He urged investors to take control of their money and information, suggesting that blind trust in political leaders could lead to financial troubles.
In conclusion, Kiyosaki reiterated his preference for tangible assets like gold, silver, and bitcoin, advocating for readers to consider a similar approach in safeguarding their wealth. With a professional tone of voice, he encouraged financial autonomy and prudent decision-making in the face of economic uncertainties.
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